Soros increases stake in LEH
- Thread starter ak15
- Start date
I would be foolish enough not to investigate how is it possible to call days in advance not only the exact location of the turn, but also the pace of the new trend:
This was posted on 09-11-03 after market:
http://www.elitetrader.com/vb/showthread.php?s=&postid=329032#post329032
This was posted on 09-17-03 during market hours:
http://www.elitetrader.com/vb/showthread.php?s=&postid=331915#post331915
ROTFLMAO!!!! You actually believe it's possible to foretell the future? Ever hear of luck? Why a 5 year old example? Why not examples from last week, the week before, the week before that, etc.? Why doesn't this sage own the world by now?
You'd be wiser to investigate why your hero, Jack Hershey, never made good on his promise to turn $10 thousand into $1 million in 100 days on ET:
http://www.mediafire.com/?1gi2qygm3yh
You'd be wiser to investigate why your hero, Jack Hershey, never made good on his promise to turn $10 thousand into $1 million in 100 days on ET:
http://www.mediafire.com/?1gi2qygm3yh
Quote from romanus:
I would be foolish enough not to investigate how is it possible to call days in advance not only the exact location of the turn, but also the pace of the new trend:
This was posted on 09-11-03 after market:
http://www.elitetrader.com/vb/showthread.php?s=&postid=329032#post329032
This was posted on 09-17-03 during market hours:
http://www.elitetrader.com/vb/showthread.php?s=&postid=331915#post331915
This audio squib from a video made of a meeting in Tucson AZ at an IBDMmeetUp as part of a discussion of an ongoing stock trading effort using PVT trading. The late June camtasia transcription was modified in early October to shown the actual threads of capital running at that time as a trading example for Monday 9October. On that day we were running 5 to 8 times faster than the 100 day referenced time period. It is is writing ahead of the trades and as the trades were taken.
http://www.mediafire.com/?1gi2qygm3yh
That is my voice and I am discussing how capital changes by an order of magnitude.
In the squib I ask a question; I ask:"what is an order of magnitude change?"
Everyone gets it and we move to two examples. This is the hard part.
One example uses 10,000 as the starting point as you hear.
The next example uses 100,000 as the starting point. as you hear.
The person who posted the sound squib from its source to the web site you now see it on is able to copy nd paste or whatever it is called.
Why can't he learn what an order of magnitude is?
Why doesn't he know that going from 10K to a million is not an order of magnitude change?
If is takes 100 days to go from one order of magnitude as shown in the squib, how long does it take to go from 10K to 1 million using the same method being discussed?
Second question:
bighog uses 500 margin on ES. Anek makes 8 poins a day on ES equivalent. Using these numbers and trading 50 ES contracts, how long does it take to increase capital an oerder of magnitude not compounding and sticking with 50 contracts?
This last rate of increasing an order of magniturde is X times faster than usinf PVT to trade up. What is the value of X?
How much margin (capital) does on need to make 100K a day when trading at 3X the ATR daily?
Why do people take profits out of SCT accounts every friday and put the capital in the PVT accounts?
How many accounts was I trading in the late 80's to make a net of 1.7 million on one day in PVT? What was the stock? How many shares? How many partial fills on exit? Do you think I annotated a chart ahead of time on this trade like you see the one annotated in this thread as a before and after?
So, finally, what bio chemical failure occured that made it possible to misunderstand my voice in the audio? What bio chemical process has to be invoked to correct the mental errors in that person's memory? Just answer with ancronyms and a book reference. Hint, from memory the page is a right hand page and the paging first two of three digits is 11X and X is above 5.
NB: Every day in ET stocks are listed before they break out. This has been going on for several years.
http://www.mediafire.com/?1gi2qygm3yh
That is my voice and I am discussing how capital changes by an order of magnitude.
In the squib I ask a question; I ask:"what is an order of magnitude change?"
Everyone gets it and we move to two examples. This is the hard part.
One example uses 10,000 as the starting point as you hear.
The next example uses 100,000 as the starting point. as you hear.
The person who posted the sound squib from its source to the web site you now see it on is able to copy nd paste or whatever it is called.
Why can't he learn what an order of magnitude is?
Why doesn't he know that going from 10K to a million is not an order of magnitude change?
If is takes 100 days to go from one order of magnitude as shown in the squib, how long does it take to go from 10K to 1 million using the same method being discussed?
Second question:
bighog uses 500 margin on ES. Anek makes 8 poins a day on ES equivalent. Using these numbers and trading 50 ES contracts, how long does it take to increase capital an oerder of magnitude not compounding and sticking with 50 contracts?
This last rate of increasing an order of magniturde is X times faster than usinf PVT to trade up. What is the value of X?
How much margin (capital) does on need to make 100K a day when trading at 3X the ATR daily?
Why do people take profits out of SCT accounts every friday and put the capital in the PVT accounts?
How many accounts was I trading in the late 80's to make a net of 1.7 million on one day in PVT? What was the stock? How many shares? How many partial fills on exit? Do you think I annotated a chart ahead of time on this trade like you see the one annotated in this thread as a before and after?
So, finally, what bio chemical failure occured that made it possible to misunderstand my voice in the audio? What bio chemical process has to be invoked to correct the mental errors in that person's memory? Just answer with ancronyms and a book reference. Hint, from memory the page is a right hand page and the paging first two of three digits is 11X and X is above 5.
NB: Every day in ET stocks are listed before they break out. This has been going on for several years.
The kind of bullshit that you type is really a sight to behold.
Why can't he learn what an order of magnitude is?
That is not his goal. He can't understand that taking 100K to a million takes less than 100 days simply because his perception (100%) is made up of sensing (10% and what I spoke) plus 90% inference (that which comes from his memories).
his inference is irrational at this point in his life. his mind is shot with respect to inputs from some sources. He proves this daily.
Why doesn't he know that going from 10K to a million is not an order of magnitude change?
It is just not possible for him anymore. two orders of magnitude is what he types after hearing something entirely different. togh shit for him
If it takes 100 days to go from one order of magnitude as shown in the squib, how long does it take to go from 10K to 1 million using the same method being discussed?
This is done by ethie adding or multiplication . the answer is 200.
Second question:
bighog uses 500 margin on ES. Anek makes 8 poins a day on ES equivalent. Using these numbers and trading 50 ES contracts, how long does it take to increase capital an oerder of magnitude not compounding and sticking with 50 contracts?
going from 25,000 to 250,000 is the question. 25,000 comes from 500 times 50 equals 25,000. 8 points times 50 is 400 points or 20,000 dollars a day. 250,000 divided by 20,000 is 12.5 days uncomponded.
This last rate of increasing an order of magniturde is X times faster than usinf PVT to trade up. What is the value of X?
12.5 divided into 100 is 8 times faster. so leveraging helps. moving 100,000 a week from SCT to PVT is common practice. 100,000 shares of stock is a common amount to trade; so for a 25 dollar stock 2.5 million is common.
How much margin (capital) does on need to make 100K a day when trading at 3X the ATR daily?
Above we saw anek and bighog making 20,000 a day on 50 contracts. So they need more capital since they oinlt make 8 points a day per contract. If ATR averages 12 points and SCT trading runs at 3X for advance intermediate and better, the capital required is fairly small. 5/99ths the 25,000 bighog and anek need to make 20,000 a day is needed by the SCT person to make 100,000 a day BUT it is logical to trade the 50 contracts just as a convenience
Why do people take profits out of SCT accounts every friday and put the capital in the PVT accounts?
the Es market is limited in capacity. trading 5X capacity is the limit. extr capital is swept into a bigger application where 2.5 million a stream isnormal.
How many accounts was I trading in the late 80's to make a net of 1.7 million on one day in PVT? What was the stock? How many shares? How many partial fills on exit? Do you think I annotated a chart ahead of time on this trade like you see the one annotated in this thread as a before and after?
do a search it will be fun to find out.......
So, finally, what bio chemical failure occured that made it possible to misunderstand my voice in the audio? What bio chemical process has to be invoked to correct the mental errors in that person's memory? Just answer with ancronyms and a book reference. Hint, from memory the page is a right hand page and the paging first two of three digits is 11X and X is above 5.
LTP is causing his difficulty and LTD is not going to fix him anymore. Doidge page 116.
NB: Every day in ET stocks are listed before they break out. This has been going on for several years.
Here's a screenshot from Jack's camtasia, along with what the stock did afterwards.
And here you can download a small mp3 file to hear Jack himself talk about the trade:
<a href='http://www.mediafire.com/?0ielxnmeiro'>http://www.mediafire.com/?0ielxnmeiro</a>
Long and strong eh Jack
And here you can download a small mp3 file to hear Jack himself talk about the trade:
<a href='http://www.mediafire.com/?0ielxnmeiro'>http://www.mediafire.com/?0ielxnmeiro</a>
Long and strong eh Jack
ROTFLMAO!!!! Now I've seen everything!
You can try to obfuscate your way out of this all you want but the fact remains that it's a recording of you saying you're going to turn $10 thousand into $1million in 100 days with your IBD group, starting that night, and that you'd post updates on ET.
http://www.mediafire.com/?1gi2qygm3yh
You can try to obfuscate your way out of this all you want but the fact remains that it's a recording of you saying you're going to turn $10 thousand into $1million in 100 days with your IBD group, starting that night, and that you'd post updates on ET.
http://www.mediafire.com/?1gi2qygm3yh
Lehman shares hit new year low amid uncertainty
Tuesday September 9, 10:41 am ET
Lehman shares hit new year low amid uncertainty about plans to sell assets or stake in co.
NEW YORK (AP) -- Lehman Brothers Holdings Inc. shares fell to a new year low Tuesday amid speculation the investment bank might sell off some of its operations or a stake in itself to raise capital.
Lehman shares fell $2.57, or 18.1 percent, to $11.58 in morning trading. The stock earlier set a 52-week low of $11.51. The stock's previous year low of $12.02 was set July 15.
On Monday, Lehman named Eric Felder and Hyung Soon Lee as global co-heads of fixed income to replace Andrew Morton, who is leaving the firm after just seven months in the position.
Ladenburg Thalmann analyst Richard Bove wrote in a research note that the management shake-up is an indication the company might not be close to completing a deal to sell assets or spin off a portion of the company.
Speculation has centered on Lehman selling its asset management division Neuberger Berman, spinning off a portion of the company -- such as its troubled mortgage-assets -- or selling a stake to outside investors.
"Buyers seem to believe that Lehman is overvaluing its assets and refuse to hit the bid," Bove wrote in the note. "The net result is no action."
Like other investment banks, Lehman has been hit hard by deterioration in the credit and mortgage markets since the middle of 2007. The bank is expected to post losses for its fiscal third quarter that could require it to look for new sources of funding, either through an outside investment or the sale of some of its assets.
Bove reduced his third-quarter estimate to a loss of $3.17 per share from a loss of $2.32 per share to reflect weakness across the broader markets in August. Lehman's fiscal third quarter ended Aug. 31.
Bove expects Lehman to lose $7.39 per share for its full fiscal year before returning to profitability in fiscal 2009.
Despite the uncertainty, Bove maintained a "Buy" rating and a price target of $20.
Tuesday September 9, 10:41 am ET
Lehman shares hit new year low amid uncertainty about plans to sell assets or stake in co.
NEW YORK (AP) -- Lehman Brothers Holdings Inc. shares fell to a new year low Tuesday amid speculation the investment bank might sell off some of its operations or a stake in itself to raise capital.
Lehman shares fell $2.57, or 18.1 percent, to $11.58 in morning trading. The stock earlier set a 52-week low of $11.51. The stock's previous year low of $12.02 was set July 15.
On Monday, Lehman named Eric Felder and Hyung Soon Lee as global co-heads of fixed income to replace Andrew Morton, who is leaving the firm after just seven months in the position.
Ladenburg Thalmann analyst Richard Bove wrote in a research note that the management shake-up is an indication the company might not be close to completing a deal to sell assets or spin off a portion of the company.
Speculation has centered on Lehman selling its asset management division Neuberger Berman, spinning off a portion of the company -- such as its troubled mortgage-assets -- or selling a stake to outside investors.
"Buyers seem to believe that Lehman is overvaluing its assets and refuse to hit the bid," Bove wrote in the note. "The net result is no action."
Like other investment banks, Lehman has been hit hard by deterioration in the credit and mortgage markets since the middle of 2007. The bank is expected to post losses for its fiscal third quarter that could require it to look for new sources of funding, either through an outside investment or the sale of some of its assets.
Bove reduced his third-quarter estimate to a loss of $3.17 per share from a loss of $2.32 per share to reflect weakness across the broader markets in August. Lehman's fiscal third quarter ended Aug. 31.
Bove expects Lehman to lose $7.39 per share for its full fiscal year before returning to profitability in fiscal 2009.
Despite the uncertainty, Bove maintained a "Buy" rating and a price target of $20.